National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Sweden
Growth rate same period previous year, Quarterly
NAEXKP03SEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
-33.68%
Date Range
1/1/1961 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in real gross domestic product (GDP) for the United States. This indicator provides insights into the pace of economic expansion or contraction.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This quarterly GDP growth rate compares the current quarter's real GDP to the same quarter in the previous year. It reflects the overall health and momentum of the U.S. economy, which is a key consideration for policymakers and analysts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This GDP growth rate trend is widely followed by economists, investors, and government agencies to gauge the strength of the U.S. economy.
Key Facts
- The U.S. GDP growth rate reached a high of 33.8% in Q3 2020.
- The lowest recorded growth rate was -31.2% in Q2 2020 during the COVID-19 pandemic.
- Positive GDP growth rates indicate an expanding economy, while negative rates signal an economic contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate indicator provides insights into the overall health and momentum of the U.S. economy, which is a key consideration for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: This GDP growth rate trend is widely followed by economists, government agencies, and market participants to gauge the strength of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03SEQ659S), retrieved from FRED.